Apple 2.0

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Apple soars $38.05, its second highest one-day dollar gain

November 19, 2012: 4:31 PM ET

Been down so long it looks like up to Apple shareholders

FORTUNE -- After one of the longest bear markets in its roller-coaster history, Apple (AAPL) rebounded Monday, closing at $565.73, up $38.05 (7.21%) for the day, while pulling the NASDAQ (+2.21%) and S&P 500 (+1.99%) up along with it.

It was Apple's second best day since 1984 in terms of dollar gains, second only to April 25, 2012, when the stock rose nearly $50 on higher-than expected second quarter earnings. (See the spreadsheet below from AAPLInvestors.net.)

In terms of percentage gains, however, Monday wasn't even in the top 10. Moreover, because Apple has been down so long, the one-day pop erased only eight trading days of losses. It still has nearly six weeks left to go to get back to its Sept. 21 high.

AAPLInvestors' chart below.

Source: AAPLInvestors.net

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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